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About Kim Parr

Kim Parr is a private practice optometrist, freelance writer, and personal financial blogger. You can follow her journey to 20/20 financial vision at Eyes on the Dollar.


  1. I have found that your 5th point, starting a savings account, has been crucial to my financial peace of mind. BUT for me it is more targeted than a general “savings account”.

    What I have established — yes, in a savings account — is an Emergency Reserve Fund. I’ve built it up to the point that it can cover one year’s worth of my basic living expenses. IF some unexpected big NECESSARY expense crops up, I will cover it from that account and then build the Fund back up. (A vacation, a new car, or that super-nifty big-bucks name brand hand bag are NOT necessary.)

    I do realize that for lots of folks one year’s worth of expenses is a big, big goal. So, start with building a 3-month Emergency Reserve. Just be sure to label it in you mind AS an Emergency Reserve and not just as a general savings account for any and every purpose.

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